The British club that hosted a charity dinner where businessmen allegedly groped hostesses just shut down

The Presidents Club shut down after the FT reported that hostesses were groped and harassed at its recent charity dinner.

Undercover reporters at the male-only event said hostesses were hired to parade in skimpy outfits.

The event's organiser stepped down from a government advisory position in the wake of the report.

One of the dinner's chief beneficiaries, Great Ormand Street Hospital, said it would return all the money raised from the event.

The Presidents Club, which last week hosted an exclusive all-male dinner and charity auction where hostesses were allegedly groped and harassed, has shut down following a damning Financial Times report.

A spokesman for the club told Business Insider: "The trustees have decided that the Presidents Club will not host any further fundraising events. Remaining funds will be distributed in an efficient manner to children's charities and it will then be closed."

According to the FT investigation, which was published on Tuesday night, more than 100 hostesses were hired to parade in skimpy outfits at the exclusive, male-only event at the ritzy Dorchester Hotel in London.

Many of the hostesses were allegedly groped and harassed by the guests, which included high-profile British figures from politics, business, and entertainment.

Madison Marriage, the FT reporter who went undercover at the event, told the BBC she was personally groped several times and described the experience as "uncomfortable."

The FT report has sent shockwaves through British society.

David Mellor, the dinner's organiser, resigned as an advisor to the Department for Education on Wednesday, a day after the story was published.